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2013 and earlier Nissan Murano Lease Questions

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Comments

  • jayriderjayrider Posts: 3,261
    My dealer in alton ,Illinois will sell you a murano sl with awd, moonroof, premium, leather, mats and mud guards --- list 34240 -- sell 29266 .
    My lease numbers from them were money factor=.00315 and depreciation fee %59 for a 36 month lease. Those figures are from NMAC. What you do with sales tax and down payment is up to you but with $5400 down [includes $1900 tax] my payments are $330. 12k per year. The 39 month figures were .003025456 and 57%.
    You could fly to St. Louis buy or lease the better equipped murano and drive it home and not have any grief. If you have the time you could save and take the bus.
    The dealership is Autocenters nissan , wood river, Il. Good luck.
  • flightnurseflightnurse 35K feetPosts: 1,596
    Why woud you put $5400 down on a lease, the idea behinding leases is to get into the car with nothing down... Use someone elses money to drive the car not your own.
  • jayriderjayrider Posts: 3,261
    Zero down would have cost me around $500 per month. With $5400 down my payments are $330. The difference of $170 X 36 = $6120. If I put the 5400 in a cd at 5.00% for 36 months then my $5400 would grow to $6251. A $130 penalty but I just feel better with the lower payments. If I put it in a 3-4% money market , I'm ahead about $130. This is my first lease so maybe I'll do things differently next time. From what I'm reading online, I still think I did pretty well for a rookie. I'm certainly open to advice on how to do better. Constructive suggestions are always welcome.
    It's also worth noting that every lease offer I've seen has $3-5k down and that doesn't include sales tax. My $5400 included $1900 in sales tax. Very few sign and drive deals and those are usually base vehicles that I wouldn't want.
  • You're very welcome, dannyhashovav.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I agree with flightnurse. Why would you put money down on a lease??? That is the point of leasing. Saving money vs a regular bank loan. The point really isn't WELL IF I PUT MY MONEY IN CD'S....blah blah blah. If the Queen had a package she'd be the King. The point is FIND A CHEAPER LEASE. People, you can't just go find ANY car and say "yes I will lease that one." Not if you are trying to get a good deal anyway. Shop around. Weigh the bank loan vs lease option.

    I leased my Ford Edge (LOADED, AWD. MSRP $35K) for $349 with ZERO DOWN, ZERO OUT OF POCKET except first payment. That is how it's supposed to be done. If you find a car that is $30K and it's lease payment is over $500, you might as well buy it.
  • stoopystoopy Posts: 105
    I've been looking at 09 Murano. I'm with you. I just can't justify paying over $500 a month for a leased vehicle. Frankly, it is ridiculous. You are supposed to only be paying for depreciation and usage fee. I have been reading this forum hoping for some wisdom or a beam of light or something. Mostly all I've read is how people are getting WORKED by their dealers and Nissan.

    I got a quote for an 09 Subaru Forester Limited AWD loaded for 36 months NOTHING DOWN and it was $353 a month. A $29,000 MSRP truck and it wastn't $500 a month!!!!!!!!!!!!! I'll probably go with that.

    Good luck to all.
  • Wow, did anyone catch the article that Nissan is cutting back production on the Murano because lack of sales and large inventory? Why spend millions of dollars on Murano advertising when no one can afford the lease? Maybe Nissan wants out of the lease business.
  • this sounds like a great deal, can you send me the dealer you got this from as i am being quoted your deal but for a SL....i would rather the LE if i could get your deal.

    thanks
  • jayriderjayrider Posts: 3,261
    Gee Chuck , thanks for the constructive reply. I especially liked the caps that emphasized your respectful, helpful demeanor. And the blah blah blah comment really set me straight in a friendly sort of way. I hope you enjoy your Edge. My wife and I really enjoy the Murano.
    Now getting back to the topic, I would be interested in the details of your lease. When you got it and for how long? Did you get the LTD Edge and what did you do about sales tax. Do you have any knowledge of the domestic manufacturers discontinuing leasing because I don't see much advertised in this regard. Thanks
  • jayriderjayrider Posts: 3,261
    you read my lease details which have been targeted as less than stellar. Like I said, I'm a rookie at leasing but love the murano and still feel I did ok putting $ down. Probably do it differently next time but all car deals are money losers. Anyrate you mentioned the BMW X3 as a better leaser. Checked online and the deal is $3289 down plus tax [$2500] and title, reg, and doc fees extra. Probably 6k down. This is for 36 months at $389 per month / 10k miles per year. This is a base vehicle without heated seats and no moonroof. I like the murano much more than the BMW so show me the error of my ways. If BMW would agree to waive my downpayment and pay my taxes and add 2k miles per year and make my payments $330 instead of $389 then I would agree the deal is better. Show me the light!
  • Someone at Nissan must be reading all of our posts, two different dealers told me that Nissan will be releasing new lease and purchase specials tomorrow.

    Could this be true?
  • stoopystoopy Posts: 105
    I agree Chuck68516 was a "tad" harsh. But, he did inspire me to put my 2 cents in and I do agree having researched several different crossovers and SUV's that the Murano is way too unattractive of a lease. You can name several of their direct competitors that have leases $100 less per month or more. I get that some people lease to make financial sense and some people lease for their own strange reasons. Personally, I would not throw money down the toilet leasing when for a few extra dollars I could get a bank loan and own it. I have read a bunch of the so called experts in this forum and a lot of them are saying if you can't save at least $100 a month leasing vs. buying then don't lease. In my opinion that makes perfect sense.
  • jayriderjayrider Posts: 3,261
    I was set to buy the murano and with 5k down I would have been financing 26k. Assuming zero% financing [not available--could have had 3.9%] 36 month =$722, 60 month $433. I pay $330 for 36 which is all I want right now. Seems to fit your criteria but the most important factor is that I liked the murano much more than anything else in that class. To lease or buy something just because the deal is better when I don't want it doesn't make sense. I'm not saying those cars aren't fine rides but I wanted the murano awd,leather,double moonroof etc. I didn't want the bmw, lexus, edge, audi,mazda etc. I wanted to spend 3 years in a sapphire blue murano with the beige interior and I did the best I could with what was available. Even though you feel there are better deals, I got what I wanted and next time around I'll be a bit more discerning. But what I will promise you is that I will get what I WANT . Hopefully that will be a competitive lease but if it isn't, I'm still gonna get what I want. I really like this car and that's the bottom line. Neither my wife nor I smoke, drink or gamble. If you engage in any of these activities you do so because you enjoy them. Those can be expensive habits but it's your money and I'm happy if your happy. A very moderate monthly budget for those activities would be $8-900 a month for the two of us.My payment is $350. If the lease rates on the murano aren't as competitive as some other cars, so be it. Could I have done better? Probably, but not for what I wanted when I wanted it.
    When I'm too old to drive, sitting in a nursing home in an electric wheel chair, I'm going to remember the cars I really enjoyed driving not the ones I got the best deal on. It would be nice if they were one and the same but if they're not ,they're not..Who knows what will ring my chimes in three years. These car deals are all losers so I'll do my best on the finances and go for the smile factor.
  • jayriderjayrider Posts: 3,261
    $1000 rebate on muranos but doesn't apply to those who lease --- yet.
  • I have a 2007 Infiniti M 35 X that my wife drives. The lease is up in a few days. She loved it. I can't wait to get rid of the big payment and the 15-16 miles per gallon.
    She really liked the new Maxima but there are no lease deals out there. Too new!
    So, she now likes the 2009 Nissan Murano SL AWD, loaded, with Nav. Sticker is about $38,000.
    I haven't received one incentive from Nissan Motor Credit to get into another Infiniti or any other Nissan product! It really ticks me off!
    I have to make a decision in a few days.
    I been to a dozen Nissan dealers. There are tons of Muranos out there!
    I am looking for 36 months, not 39. Don't want to be looking for a car in Feb. in 3 years. 15 K per year. An extnded bumper to bumper warranty to bridge the gap from the 36K that Nissan gives you, and the reality of the 45k I am signing up for.
    I want to pay the first payment, title and plates. I tell each dealer $1,000 out of pocket.
    The best prices I am getting are $499, $489, $487.
    What do you think???????????????????
    I would really like the LE for her but the prices on those seem to be about $550?
  • There are deals to be made, dont give up on the Murano.

    I'm in the tri-state area (ny/nj/ct) and recently signed a new lease:

    2009 Murano SL
    moon roof
    Tech pkg
    prem pkg
    leather
    rails
    mud flaps
    floor mats

    $150 down
    $499/39mth lease

    i am very happy with this lease
    good luck
  • jayriderjayrider Posts: 3,261
    Don't know the details of your lease but it sounds unbelievably good. 1k down and less than 500 a month with 15k miles. The good thing is that the're projecting the residual at 21k [%57] and in three years after the auto industry crash it probably will be worth $12-14. Not your problem nor mine. There will be a ton of Muranos available and the loan values will be way down. Good for leasers bad for buyers who want to trade.
  • rorodadrorodad Posts: 13
    Hi:
    I totally agree with your post. I too am looking for a Murano awd,leather,double moonroof. If I understand your post, you are paying $350/month (tax included ?) for 36 months. Where did you get this deal ? This is the amount I want to pay to lease. Any money down?
    Was bank fee included in the $350. ? Thanks for your anticipated response. Bob
  • jmarinojmarino Posts: 19
    Simmons-Rockwell is leasing the Murano S model right now for $389 a month 39 months 12,000 NO MONEY down .. I was quoted $429.00 a month same specs on SL .. Is this deal too good to be true ?
  • Thanks for the information. I called the dealership for a quote this morning!
  • jayriderjayrider Posts: 3,261
    My lease payments were figured on the 3k down that Nissan advertised and here in Illinois you have to pay sales tax on the delivered price of the car --$1900. I could have rolled it all into the lease payment but I chose to pay the 5K upfront. I negotiated almost 5K off msrp so there was very little surplus hidden in the deal. Most advise rolling everything into the lease payments--- this was my first lease so next time that's probably what I'll do but the total cost is pretty much the same.
    Leasing overall seems to becoming less attractive as manufacturers have been getting burned with higher depreciation than forecasted. Good luck.
  • jmarinojmarino Posts: 19
    Did they give you that deal on the Murano S ?
  • I called the dealership in upstate N.Y., They didn't have the Murano SL loaded in White. He couldn't quote me and at the end didn't want to bother. Waste of time!
  • Anyone have recent experience negotiating the lease on an LE with dual moonroof, navigation, and roof rail cross bars (or similar features)? If so, can you tell us the price you based the lease on, residual, and money factors?

    Also, does anyone have any experience turning in a leased Nissan recently? We own a Murano that we will be turning in, and have heard horror stories about the AIM inspection process (eg, coming up with big bills for damage, tire wear, etc.) and we want to know if anyone else has experienced this. If so, we'd like to try and negotiate around this in leasing a new Murano.
  • If your willing to lease a new Murano, they probably won't hassle you too much for damage. When I turned in my Pathfinder lease, they wanted $425 for damages but were willing to look the other way if you leased or bought a new car. Just make sure you don't except a ridiculously bad lease only to save a few hundred bucks - the salesmen's first offer will no doubt be awful.
  • I had the guy from AIM out last week. It was a kid with a laptop. He looked it over in 5 minutes and gave a a quick clean bill of health. No hastle at all!
    I am still trying to lease and SL AWD loaded for under 500 with 1,000 out of pocket. found it for $488 but it got sold from under me. Now the best I've found is $498, 15k, 36 month with an extended warranty to 45,000.
    An LE would put it to $550-575 per month.
  • Just leased a fully loaded white SL including Navigation.
    15k miles per year for 39 months
    No money down except for first payment. Since I was leaving a 2005 Murano I was able to take advantage of $1,000 for owner loyalty.
    Total including taxes $492 per month. All I can say is Wow, what a great vehicle!
    Lots of power, very cool technology and better gas mileage. I too wanted a loaded LE , however MF and residual is better on the SL.
  • jayriderjayrider Posts: 3,261
    did you get the extended warranty to carry you beyond 3 year/ 36k ?
  • No extended warranty. I have been a loyal Nissan fan for about 15 years.
    3 Maximas, 2 Pathfinders and 2 Muranos. None of my vehicles have ever been in for service except for routine oil changes. I wish I could have said the same for all my
    Pontiac vehicles.
  • zone7zone7 Posts: 2
    Just leased an SL AWD '09 Murano with prem package and leather package:

    $2700 out of pocket (includes taxes and fees) + 1st months payment

    for $384/mo. @ 39 months. Thought it was a good deal at first, but now I'm not so sure. Great car.
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